Let’s face it: 2015 wasn’t really a great year for media companies. From television majors that saw cord-cutting making a sharp dent in their valuations to online players that saw the looming threat from ad-blocking impacting the flow of advertising dollars, there hasn’t been too much good news this year.
And if we take news media – the smaller subset of the media industry that we call home – then …
I first met Kashyap Deorah sometime late ’08 in Gloria Jeans Coffee in Bandra. We were introduced by Sudhir Sitapati, a junior of mine from IIMA, and a then-advisor to Kashyap’s Chaupaati Bazaar. I was then in the Brand Capital division of Times Group, and the conversation likely revolved around our funding model and whether it made sense for Chaupaati to access it (It didn’t).
We lost touch subsequently, though …
University Ventures (UV) is one of the rare creatures of the VC/PE investment universe; a fund that claims to be the “only investment firm focused exclusively on the global higher education sector”. UV has made some interesting investments over the years, riding the current wave of technology-led transformation in one of the most stodgy sections of the economy. Underlying these plays is a strong and well-defined investment philosophy, expressed in …